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The Foundation Center

PHILANTHROPY NEWS DIGEST
   Vol. 6, Issue 36
   August 29, 2000

Colorado Entrepreneurs Invest in Charity

Following in the footsteps of Silicon Valley and Seattle, Colorado's high tech community is investing in new charity ventures, the Denver Rocky Mountain News reports.

In both Boulder County and Denver, tech entrepreneurs have established nonprofit groups modeled on Social Venture Partners (SVP), a Seattle-based organization that brings together entrepreneurs and corporate executives to donate money, time, and management expertise to local charities. The new Colorado groups are among at least seven organizations across the U.S. that have modeled their work on that of SVP Seattle.

SVP Boulder County, which will hold its first formal meeting to decide its donor focus on September 6, already has 23 members, including Andrew Currie, founder of MessageMedia and Jared Polis, founder of BlueMountain.com. The members will each contribute $5,000 a year to the organization for the next three years.

SVP Boulder County is organized under the auspices of the Community Foundation Serving Boulder County. SVP Denver is similarly connected to the Denver Foundation.

Established several months ago, SVP Denver has 60 members who will each contribute $1,000 a year for the next three years. The group currently has a $115,000 fund from membership contributions and other gifts.

Hudson, Kris. "Entrepreneurs Back Charities." Denver Rocky Mountain News 8/29/2000.

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